S&P 500 Index Analysis
- Thread starter DrChen
- Start date
Currently market is at: 1254
Dude really. Here is my Christmas present for you, advice for the next year:
1. Change your handle and start a NEW journal.
2. Just go LONG most of the time instead of short.
3. Forget the analysis, who cares, since you are mostly WRONG?
Remember, I am your best friend. And you are welcome!
Agreed. All this trade management on a trade that he shouldnt be in. Havent seen any reason to get short. Here is a link that will help people understand. http://www.youtube.com/watch?v=jllJ-HeErjU&feature=player_embedded
Dude here is my Christmas present for you.
1. Stop attacking anyone who is trying to contribute positively.
2. If you find someone who you believe is wrong most of the time just shut up and go against him/her and make money.
3. Stop disturbing the positive atmosphere of forums.
4. Try to be positive yourself. No one, not even you has Cristal ball and no one knows all the truth. But if you have some thoughts, consider sharing them in a positive manner instead of these stupid attacks.
Remember, I am your best friend. And you are also welcome!
Are you talking about yourself???
My contribution has been nothing but positive. The first thing for an alcoholic is to recognize that he has a problem. The same with a losing/worthless system. Once he accepts that he can try to make steps to change it. But first he has to acknowledge that yes Houston, we have a problem.
The good doctor after 4 months of trying hard is still down about 40 pts. When will the pain end??? He needs a reality check, and that is provided by me.
If you are going to be a bad boy, I will take a look at YOUR journal! I saw 2 weeks ago you made a bunch of consequtive losers of 20-20 pts. Maybe you should be worried about that, not my posting activities.
P.S.: What is so positive about posting a bunch of losing trades with worthless commentary??? Inquiring minds want to know!!!
I partially disagree. There is value in the news, its how he reacts to the news that needs work. He holds onto his losers far too long when his ideas are refuted. He has a tendancy to filter out news that runs counter to his current position. However, the news items he picks out are important and you could trade off them, just need less bias.
There used to be. As I pointed out months ago, with quantitative easing, one only needed to be long or buying every dip since August. Don't fight the Fed. This journal mostly made money while it was long.
As I also pointed out earlier, guessing jobnumbers (what the good doctor did) is the ultimate futility, because the market sometimes reacts the opposite way even when the guess is correct. The point here is that you have to guess the effect of the news, and not the news itself.... And the effect isn't that obvious....
I appreciate your work here. When I look at year to year moves I would never try to pinpoint Fib numbers to the exact percent.
The longer time frame I use the greater margin of error needed.
Right now the market has overrun this fib (1228) by 3%.
This overrun is a signal of the strong upside momentum this year.
We are likely to stall a bit here and just may continue higher. To me this fib level tells me not to go long here, but either short or to buy on the next dip.
Heck of a track record by the armchair quarterback paper trader who still cant get it right so he attacks others to make up for his shortcoming.
9/17/10